Blackham Resources takes Matilda to six million ounces
THE DRILL SERGEANT: Blackham Resources (ASX: BLK) released a revised Mineral Resource estimate for the company’s Matilda/Wiluna gold operation in Western Australia.
Recent drilling carried out by Blackham Resources has resulted in the operation’s Measured, Indicated and Inferred Resource estimates being updated at several open pit deposits at Matilda, as well as at the East and West pits and the Bulletin, Golden Age and Essex underground deposits at Wiluna.
Total resources at Matilda and Wiluna are now 58 million tonnes at 3.2 grams per tonne gold for 6 million ounces of gold.
All resources are within a 20 kilometre radius of the Wiluna gold plant.
Blackham Resource’s explained the is the first resource associated with the current Stage 2 expansion study aimed at growing production at Wiluna beyond 200,000 ounces per annum.
Open pit resources now stand at 33 million tonnes at 2g/t gold for 2.1 million ounces of gold, which includes a Maiden East-West open pit resource of 8.6 million tonnes at 2.5g/t gold for 700,000 ounces of gold (59% indicated).
The Happy Jack – Creek Shear – Moonlight shear resources are to be revised to include recently completed drilling.
Underground resources have grown to 25 million tonnes at 4.9g/t gold for 3.9 million ounces of gold with the Golden Age Resource growing by 21 per cent and the Bulletin Resource now extending over 600m strike.
Blackham said growth in the open pit resources will underpin the base load feed and growth in the underground resources will provide important grade profile for Wiluna processing plant, adding the growth in Mineral Resources confirms the need to expand the Wiluna plant gold production beyond 200,000 ounces per annum.
“The latest Wiluna resource upgrade is likely to add significant base load open pit and underground feed for the Wiluna expansion study currently underway,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.
“Very few gold operations in first class jurisdictions have the scale to be plus-200,000 ounces per annum operations.
“Projects of this size generally sit in billion or multi-billion dollar producers.”
Email: info@blackhamresources.com.au
Website: www.blackhamresources.com.au